Marketmind: Risk on, risk off

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Marketmind: Risk on, risk off
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A look at the day ahead in European and global markets from Anshuman DagaAsian equity markets are flirting with six-month highs, powered by risk-on sentiment and hopes of a rebound in Chinese growth but inflation worries are looming ahead.European company results kick-off in earnest on Wednesday, with

Asian equity markets are flirting with six-month highs, powered by risk-on sentiment and hopes of a rebound in Chinese growth but inflation worries are looming ahead.

Earnings from Britain's biggest retailers are expected to confirm that while Christmas was not the disaster that some had feared, consumer demand is set to weaken in 2023, denting profit. On the macro economic front, the World Bank cut its 2023 growth forecasts to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues and the world's major economic engines sputter.

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